Diminished Value Claims: Protecting Your Vehicle’s Worth

If your vehicle has been in an accident—even if it was fully repaired—it has likely lost value. This loss is known as diminished value, and it can significantly impact your car’s resale or trade-in value. At Law Group of Iowa, we help clients pursue diminished value claims to ensure they receive the compensation they deserve.

What is Diminished Value?

Diminished value refers to the decrease in a vehicle’s market value after an accident and subsequent repairs. Even high-quality repairs cannot erase a car’s accident history, which makes it less desirable to buyers. Many insurance companies fail to acknowledge this loss unless a formal claim is made.

Types of Diminished Value

There are three main types of diminished value:

1. Immediate Diminished Value – The loss in value that occurs immediately after an accident, before any repairs.
2. Repair-Related Diminished Value – A reduction in value due to improper or incomplete repairs.
3. Inherent Diminished Value – The most common type, referring to the natural loss in market value due to the car’s accident history, even after proper repairs.

Do You Qualify for a Diminished Value Claim?

You may be eligible for compensation if:
✔ Your vehicle was damaged in an accident caused by someone else.
✔ Your vehicle has been repaired but lost value due to the accident history.
✔ You were not at fault for the accident.
✔ Your car is relatively new, high-value, or had no prior damage.

How We Can Help

Insurance companies often try to avoid or minimize diminished value claims. Our legal team fights for fair compensation, using market data, vehicle appraisals, and legal strategies to ensure you receive the amount you deserve.

Take Action Today

If your car has lost value due to an accident, don’t settle for less. Contact us now for a free consultation and let us help you recover your losses. Call us at 515-556-IOWA to get started.

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Claimant Information

Police Information Party’s

Full Name *

Address *

Phone Number *

Email Address *

Preferred Methos of Contact *

• Phone
• Email

Incident Information:

Date of Incident *

Location of Incident *

Type of Incident *

Was a police report filed? *

• Yes
• No

Police Report Number (if applicable)

Any injuries? *

• Yes
• No

Vehicle Information:

Make *

Model *

Year *

VIN (Vehicle Identification Number) *

Odometer Reading at Time of Incident (if known)

Current Odometer Reading *

Pre-Accident Condition *

Insurance Information:

Your Insurance Provider *

Policy Number *

Claim Number (if applicable)

Other Party’s Insurance Provider (if applicable)

Claim Number for Other Party (if applicable)

Damage Assessment:

Has the vehicle been repaired? *

• Yes
• No

Repair Shop Name *

Date Repairs Completed *

Cost of Repairs *

List of Repaired Damages *

Were OEM (Original Equipment Manufacturer) parts used in repairs? *

• Yes
• No
• Unknown

Supporting Documents:

Please attach the following documents (if applicable):

• Repair Invoices/Estimates
• Photos of Vehicle Before and After Repairs
• Police Report (if available)
• Insurance Claim Documents
• Vehicle Appraisal (if available)

File Upload

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Additional Information:

Any additional notes or comments you wish to provide about the claim?

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